- Net income of $0.70 per diluted share.
- Adjusted net income of $0.69 per diluted share1.
- Revenue of $5.7 billion and operating margin of 13%.
- Adjusted operating margin2 of 15%.
- Cash flow from operations of $1.2 billion and free cash flow3 of $875 million.
- Full year share repurchases of $1 billion.
- Full year 85% return of free cash flow to shareholders.
Halliburton Company announced today net income of $589 million, or $0.70 per diluted share, for the fourth quarter of 2025 and adjusted net income4, excluding 'Impairments and other charges' and tax adjustments, of $576 million, or $0.69 per diluted share. This compares to net income for the third quarter of 2025 of $18 million, or $0.02 per diluted share, and adjusted net income, excluding “Impairments and other charges” and other items, of $496 million, or $0.58 per diluted share. Halliburton's total revenue for the fourth quarter of 2025 was $5.7 billion, compared to total revenue of $5.6 billion in the third quarter of 2025. Operating income was $746 million in the fourth quarter of 2025, compared to operating income of $356 million in the third quarter of 2025. Excluding “Impairments and other charges”, adjusted operating income5 in the fourth quarter of 2025, was $829 million, compared to adjusted operating income of $748 million in the third quarter of 2025.
Total revenue for the full year of 2025 was $22.2 billion, compared to 2024 revenue of $22.9 billion. Operating income for 2025 was $2.3 billion, compared to 2024 operating income of $3.8 billion. Excluding “Impairments and other charges”, adjusted operating income for the full year of 2025 was $3.1 billion, compared to 2024 adjusted operating income of $3.9 billion.
“I am pleased with Halliburton's fourth quarter performance and the way we closed out 2025. We outperformed our expectations and it is clear that Halliburton's strategy and value proposition deliver differentiated results,” commented Jeff Miller, Chairman, President and CEO.
“Halliburton's international business is strong. Our collaborative value proposition is winning, our technology is delivering and our growth engines are aligned with the evolution of the market.
"In North America, we will continue our Maximize Value strategy. I expect North America is the first to respond when macro fundamentals improve.
“I am confident in the outlook for our business and Halliburton's ability to deliver leading returns and capitalize on future growth opportunities,” concluded Miller.
2025 Earnings Release - view the complete report (pdf)
Source: Halliburton
